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Make your home awesome

Home renovation loans to improve your space with comparison rates from 5.45% p.a.*
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The home you want

Choose our secured loan option to borrow up to $70,000.

Quick & easy

Get a personalised rate in as little as 2 minutes

No ongoing fees

Never pay any monthly or early repayment fees

Credit score safe

Getting a quote won’t affect your credit score

Easily calculate your repayments

Getting a home renovation loan with SocietyOne is quick and easy.
Please enter an amount between $5,000 and $70,000
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Plan your home improvement

You might be looking to expand your family's living space, get your home ready to sell, or tidy up an existing bathroom or living space. Whatever your aim, a personal loan from SocietyOne can help you fund your home renovation project.

Using a personal loan can also help you avoid adding unnecessarily to your mortgage and incurring additional interest over the life of your home loan. SocietyOne offer no ongoing monthly or early repayment fees, meaning you can pay the loan off early with no penalty.
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Own a car? Use it to unlock the reno you really want.

Sure, our unsecured personal loans are great, but did you know that by simply adding security (like a car) could help you access up to $70,000 and loan terms of up to 7 years? Now you can get those fancy taps.
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Not just for renovating 

You don’t need any elbow grease or DIY plans to apply for a home improvement loan. Fitting out a home can be expensive, but you don’t have to wait for years to save up for each individual item!

Many of our customers have used a home improvement loan to fund fitting out their existing home with new indoor or outdoor furniture, new appliances and whitegoods for the kitchen or laundry.
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On the move

Moving is stressful, but the costs shouldn't need to be. You can use your SocietyOne home improvement loan to fund the sale costs, fees and even stamp duty and removalists costs.

Don’t own a home? Relocation and moving costs are still expensive if you’re renting and could come around more often than for those that own a home. A personal loan could make moving costs a bit easier to manage and perhaps help fund some new furniture.
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How it works

Applying for a home renovation loan with SocietyOne is quick and easy.

Get Your Rate

In as little as 2 minutes we’ll give you a rate based on your credit profile.

Apply Online

It only takes 5 minutes for most people to complete their online application.

Get Your Funds

Once approved, we’ll have the funds in as little as 1 business day.
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How our rates compare

See how our unsecured personal loan rates measure up to the big 4, Commonwealth Bank, Westpac, ANZ and NAB.
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Rates as of 15/12/2021. Excludes short term bank promotions.
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Personal loans made easy

Consolidate and save

Easily consolidate your debts into your home improvement loan to save in interest and enjoy the simplicity of a single repayment.

Flexible options

Choose between secured or unsecured loan options, up to 7 year loan terms and monthly or fortnightly repayments.

Pay it off sooner

We don’t charge any penalties for paying off your personal loan early, so you have the option to pay a little extra off when you can!
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The right loan for you

With great rates, flexible loan terms and repayment options, plus no monthly or early repayment fees you’ll have no trouble finding a loan to suit you.

Wondering about the difference between secured and unsecured is? In our helpful guide we get into the nitty gritty about both of these loan types to help you understand more and make it easier to choose the loan type that’s best for you.
Loan details
Secured loans
Unsecured loans
Interest rates
From 5.45% p.a
From 6.45% p.a.
Comparison rates
From 5.45% p.a.*
From 6.45% p.a.*
Amount you can borrow
$5,000 to $70,000
$5,000 to $50,000
Loan terms
2, 3, 5 or 7 years
2, 3, or 5 years
Repayment frequency
Fortnightly or monthly
Fortnightly or monthly
Asset security
Yes, you will need to provide an eligible asset as security
No security required 
Monthly fees
Early repayment fees
Hidden fees

Award winning personal loans

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Frequently Asked Questions

What to consider when comparing home renovation loans.

Who can apply for a secured or unsecured personal loan?

The first thing you should do is check your eligibility with the lender. If you’re looking to apply for a personal loan with SocietyOne, you’ll need to ensure you meet our lending criteria below: 

  • You need to be at least 18 years of age
  • Be an Australian citizen or a permanent resident of Australia
  • You must earn more than $30,000 per annum
  • It’s important that you have a good credit history.

If you’re applying for a secured personal loan, you will need to have an asset to pledge as security. At SocietyOne, your asset will need to meet a minimum value, depending on the amount you wish to borrow. Acceptable assets include: 

  • Vehicles (passenger and light commercial vehicles) 
  • Motorbikes
  • Caravans
  • Marine (boats and personal watercrafts). 

We do not accept heavy commercial vehicles. 

You will need to provide asset details, proof of ownership or purchase invoice, and insurance as part of the verification process.

What will I need to get a home renovation loan?

To get a home renovation loan, you may need to supply us with the following information and documents as part of your home renovation loan application:

  • Your personal details – name, address, date of birth
  • A driver’s licence or passport
  • Proof of your address - for example, a utility bill
  • Proof of your income in the form of payslips or bank statements
  • Details about your day-to-day expenses, and any other debts

If you’re applying for a secured personal loan, you’ll also need to provide asset details as part of the verification process. 

The documents we require depend on your ownership of the vehicle but it will help to have these things handy:

  • Registration certificate 
  • Proof of insurance
  • Invoice or proof of private sale, if you are purchasing a vehicle

The difference between a Home renovation loan and a construction loan

A home renovation loan allows you to make improvements to your home without having to add to your mortgage which can include buying furniture to spruce up your space or paying for moving costs.

A building and construction loan is for building a new home or larger projects and often a large amount of money is loaned. Construction loans function a little differently than regular home loans. Funds are provided to you as the construction completes various stages, so you only pay interest on the payments made to you until the construction loan is completely drawn.  A renovation is only eligible for a construction loan if structural alterations are undertaken.

Can It just increase my mortgage?

The lower interest rates associated with mortgages seem tempting at first, but you need to consider how much interest you’ll actually be paying over the life of your home loan. Miscalculating could result in thousands of dollars in extra interest paid. Unlike home loans, a personal loan is a shorter term commitment and comes with added benefit of features such as no early repayment fees, so if you’re sprucing up your home to improve the sale cost you can pay back the loan early once it’s sold, without any penalties.

Can a personal loan be used for home improvements?

The type of renovation loan will depend on your personal circumstances. You have a few options for funding your home improvements and it’s important to find the solution that works best for your financial position. 

If you have an existing mortgage or home loan, you may have the option to access some of the equity in your home and refinance to borrow more against your home, but this option often comes with lots of paperwork and may come with additional fees and interest over the life of the loan. 

The benefits of choosing a personal loan for your home improvement is an easier application, faster processing times and fewer hoops to jump through. Plus with SocietyOne you have no ongoing monthly fees or early repayment fees, so you can pay the loan off sooner without penalty.

Have some more questions?

Our support team is here to help.
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Don't just take our word for it...

"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
Mar 2021
“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time. The paperwork is so simple you can do it from your phone.”
Google Review
Nov 2020
“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time. The paperwork is so simple you can do it from your phone.”
Google Review
Nov 2020
“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time. The paperwork is so simple you can do it from your phone.”
Google Review
Nov 2020
"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
March 2021
"Such an easy process to apply for my personal loan. From the start of the application to when the funds were in my bank was only a matter of a few days. Great service, would highly recommend”
Product Review
February 2021
“Cant speak highly enough of society one. They approached our application with reasonable thought and actually took notice of affordability not just debits from accounts. Nothing seems to be too much problem with this company. Highly recommend.”
March 2021
“Very speedy service fantastic people to deal with. Highly recommend society one for a personal loan. I am very impressed with them and will use them again if need be in the future”
Product Review
February 2021
“Society one is a refreshing new way of doing banking. From my application through to draw down the process was streamlined and timely, as advertised. No hesitation in recommending their services.”
March 2021
"Application process was simple and straight to the point. You are able to see your rate, prior to applying and this does not affect your credit score. Customer Service was excellent, response times are quick and rates are in line with the BIG 4 banks."
Product Review
February 2021